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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
MCQ
Identify the correct statement from the following alternatives.
  • A
    Taj Mahal tea and Tata tea are examples of substitute goods.
  • B
    'A consumer buys 2 litres of milk at a price of ₹50 per litre per day' is a demand statement
  • C
    A consumer never buys an inferior good, no matter how cheap it is
  • ✓
    Both (a) and (b)
✓

Answer

Correct option: D.
Both (a) and (b)
D

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